According to a statement by the Commissioner for Information and Communication, Kingsley Fanwo, the Kogi State government has warned that individuals and businesses who refuse to accept the old naira notes in the state will be arrested and prosecuted.
The Commissioner stated that such behavior is a violation of the Supreme Court ruling and urged the people of Kogi to report anyone who refuses to accept the old naira notes to security and government authorities for swift action.
The Commissioner also announced that banks that decline old naira deposits will be closed, as the State Government will not tolerate financial institutions that disobey court orders.
A high-powered Committee, made up of the Commissioner for Finance, Budget and Economic Planning, Commissioner for Information and Communications, Commissioner for Commerce and Industry, the State Security Adviser and the Managing Director of Kogi Enterprise Development Agency, has been established to ensure full compliance with the Supreme Court ruling on the old naira notes.
The Committee aims to help the people of Kogi benefit from the ruling and alleviate the hardship caused by the policy.